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Dogecoin (CRYPTO: DOGE) skyrocketed Sunday night and was the most advanced cryptocurrency as the global cryptocurrency market capitalization rose 1.46% to $ 2.04 trillion.
What has happened
The Shiba Inu-themed cryptocurrency had soared 17.44% to $ 0.34 at press time. DOGE has soared 47.66% during the week.
Versus Bitcoin (CRYPTO BTC) and Ethereum (CRYPTO: ETH), DOGE is up 13.54% and 13.12%, respectively.
The apex cryptocurrency was trading 1.48% higher at $ 47,670.96 after a 24-hour tracking period. During the week, BTC is up 10.56%.
ETH, the second-largest coin by market cap, rose 1.93% to $ 3,323.65 in 24 hours and 13.27% after a seven-day tracking period.
ADA, which soared 54.58% during the week, was trading 1.22% lower at $ 2.18 after a 24-hour tracking period at press time.
The cryptocurrency created by Charles Hoskinson was trading 3.76% and 4.11% lower against BTC and ETH, respectively.
Revain (CRYPTO: REV) was the main beneficiary on Sunday night, as the currency soared 77.58% during the week and 8.35% in 24 hours to settle at $ 0.0118.
The token from a project focused on blockchain-based reviews was trading 21.14% and 20.7% higher against BTC and ETH.
Apart from DOGE, among the main benefited currencies in those 24 hours were Solarium (CRYPTO: SOL), which rose 23.03% to $ 54.69, and Terra (CRYPTO: LUNA), which had gained 16.13% to settle at $ 20.13 at press time.
Because it is important
Youtuber Matt Wallace highlighted the internationalization of DOGE’s rally over the weekend and the move to Binance, a major cryptocurrency exchange.
“This time we see Binance playing a bigger role, and it is one of the top exchanges in the world. Do not [es] so popular in the US, which means that we are now seeing more likely markets in Asia and Europe start to really move to accumulate more Doge, which I think will trigger the next big step up, ”stated Wallace. .
Wallace predicted a price of $ 1 for the meme coin.
Regarding Bitcoin, Matt Blom, director of digital asset company Eqonex, said last week that the $ 50,000 price level could be difficult to beat due to profit-taking.
As the coin moves towards the $ 50,000 mark, “people are going to get rid of some coins. I don’t care how HODLer you are, ”Blom said, as reported by CoinDesk.
Meanwhile, Cardano’s Alonzo update that will usher in smart contracts will be released on September 12, according to Nigel Hemsley, head of deliveries for the crypto project.
Yuri Mazur, head of data analysis at broker CEX.IO, said: “Cardano’s long-awaited Alonzo update is also a good reason for investors to acquire the coin,” CoinDesk reported.